Financial Times 2022 Business School Rankings are out and the Wharton School of Business at the University of Pennsylvania tops the list (for the 11th time!). Surprisingly, Columbia Business School has seen a massive jump in the rankings with its MBA program and has taken the second rank. INSEAD and Harvard Business School are sharing the 3rd position followed by Kellogg School of Management at 5th. Stanford Graduate School of Business landed on 6th position, the University of Chicago Booth at 7th, and London Business School at 8th position. Yale School of Management finishes in ninth place, while the top MBA programs from the business schools at NYU Stern and the University of California Berkeley also feature in the top. Dartmouth College’s Tuck School of Business and the University of Virginia Darden School of Business dropped eight and nine places, but remain in the top 20.
M7 schools (Harvard, Stanford, Wharton, Booth, Kellogg, MIT, Columbia) are back on the list and have taken 6 of the top 10 spots. MIT Sloan is the only M7 school to place outside the top 10, in 11th place. However, the return of the top US schools to this ranking, after deciding not to participate in 2021 due to the pandemic, has created a punishing cascade of declines for many schools. Apart from INSEAD, only London Business School and IESE could secure positions in top non-US schools.
Let’s have a look at how the Financial Times MBA 2022 ranking of B schools is conducted. The following table will give you a fair idea of the same.
Category | % | Category | % |
Aims achieved | 3% | International Board | 2% |
Alumni recommendations | 3% | International faculty | 4% |
Career progress | 3% | International students | 4% |
Career Services | 3% | International experience | 3% |
Corporate social responsibility | 3% | International mobility | 6% |
Employed at 3 months | 3% | # articles published | 10% |
Extra languages | 1% | Salary increase | 20% |
Faculty with doctorates | 5% | Value for Money | 3% |
Female faculty | 2% | Weighted salary | 20% |
Female students | 2% | Women on board | 1% |
When it comes to MBA ranking- the weighted salary of alumni and the average salary increase have the highest weightage (20% each). Wharton improved its position in exactly half of the 20 different data points used by the Financial Times to rank MBA programs, losing ground in only four categories. The 10 improved metrics accounted for nearly two-thirds (65%) of the entire ranking.
Prospective students should take these rankings as a pinch of salt. Some schools see huge jumps and some have a major decline in ranking each year. Almost all of these changes in school ranks have nothing to do with the quality of these MBA programs. Instead, they are a reflection of school participation rates, sample size, and external factors like a strong U.S. economy that has sent salaries at most American MBA programs to record levels.
Here, is the list of the top 30 ranked business schools MBA programs according to the Financial Times MBA 2022 ranking. You can find the full rankings here: https://rankings.ft.com/rankings/2866/mba-2022
Ranking | School Name | Salary % increase | Location | Weighted Salary (in USD) | 2021 ranking |
1 | University of Pennsylvania: Wharton | 115 | US | 237,530 | – |
2 | Columbia Business School | 125 | US | 218,542 | – |
3 | INSEAD | 93 | France/Singapore | 186,784 | 1 |
3 | Harvard Business School | 104 | US | 207,180 | – |
5 | Northwestern University, Kellogg School of Management | 117 | US | 201,455 | 6 |
6 | Stanford Graduate School of Business | 114 | US | 218,805 | – |
7 | University of Chicago: Booth | 120 | US | 199,046 | 3 |
8 | London Business School | 99 | UK | 174,106 | 2 |
9 | Yale School of Management | 131 | US | 190,941 | 4 |
10 | IESE Business School | 124 | Spain | 163,780 | 4 |
11 | HEC Paris | 124 | France | 165,558 | 7 |
11 | MIT: Sloan | 99 | US | 193,297 | – |
13 | SDA Bocconi School of Management | 122 | Italy | 174,967 | 12 |
14 | New York University: Stern | 135 | US | 192,188 | 13 |
14 | University of California at Berkeley: Haas | 110 | US | 207,853 | – |
16 | CEIBS | 147 | China | 174,890 | 7 |
17 | Cornell University: Johnson | 142 | US | 181,821 | 15 |
18 | Dartmouth College: Tuck | 114 | US | 188,784 | 10 |
19 | Duke University’s Fuqua School of Business | 120 | US | 182,777 | 9 |
20 | University of Virginia: Darden | 137 | US | 182,174 | 11 |
21 | National University of Singapore Business School | 149 | Singapore | 159,877 | 14 |
22 | University of Cambridge: Judge | 96 | UK | 165,667 | 16 |
23 | Carneige Mellon: Tepper | 136 | US | 178,194 | 27 |
24 | University of Michigan: Ross | 120 | US | 177,803 | 21 |
25 | University of Southern California: Marshall | 131 | US | 179,095 | 24 |
26 | UCLA Anderson School of Management | 110 | US | 173,473 | – |
27 | Georgetown University: McDonough | 135 | US | 170,886 | 17 |
28 | IMD Business School | 66 | Switzerland | 164,192 | 19 |
29 | Washington University: Olin | 123 | US | 144,234 | 25 |
30 | University of Washington: Foster | 120 | US | 156,715 | 28 |
For more information about your chances of being accepted to a top MBA program, why not contact ARINGO MBA Admissions Consulting today.
To view other rankings such as the US News, Business Week, Forbes and Economist Business Schools and top-ranked MBA Programs, check out our Top MBA Rankings page.
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